Clock Ticks for Fannie and Freddie as FHFA Designs New Secondary Market Platform

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Oct 5, 2012 2:23PM Clock Ticks for Fannie and Freddie as FHFA Designs New Secondary Market Platform In February, the Federal Housing Finance Agency (FHFA) issued a strategic plan for its ongoing conservatorship of Freddie Mac and Fannie Mae (the GSEs). The plan had three primary goals: Build a new infrastructure for the secondary mortgage market . Gradually contract the Enterprises' dominant presence in the marketplace, simplifying and shrinking their operations. Maintain foreclosure prevention activities and credit availability for new and refinanced mortgages. Yesterday FHFA published a white... Oct 5, 2012 4:52PM Housing Scorecard: Homeowner Equity Position Much Improved The Departments of Treasury and Housing and Urban Development released the August version of their monthly Housing Scorecard this afternoon. The Scorecard is a summary of housing data from various sources such as the S&P/Case-Shiller house price indices, the National Association of Realtors® existing home sales report, Census data, and RealtyTrac foreclosure information. Most of the information has already been covered by MND. According to the scorecard homeowner equity has risen to its highest... Romney First to Get Specific on Housing (Qualified Mortgage Overview) MBS RECAP: NFP Fires! QE3 Shield Sustains Moderate Damage Mortgage Rates Continue Losing Streak On Stronger Jobs Data Dudley: Housing Recovery "Disappointing" Despite Fed's Extraordinary Easing Measures MBS MID-DAY: NFP Takes Its Best Shot, MBS Still Standing A Brave New World in the Secondary Markets? Non-agency Chatter; More M&A in Mortgage Banking; Flagstar Changes its Broker Comp View: Front Page | Headline Viewer Micro News 2:29 PM: MBS At Weakest Levels Since Before 9:30am 11:51 AM: MBS Back In The Green Briefly, Outperforming Treasuries 9:18 AM: Bond Markets Tank Following NFP Release, Attempting To Bounce 8:39 AM: ECON: NFP Hits Consensus, UNR Drops To 7.8, Upward Revisions 2:10 PM: Fed Considers Moving Away From Calendar Guidance - FOMC Minutes 1:43 PM: MBS Continue To New Lows For the Day. Increased Negative Reprice Risk 12:22 PM: MBS Languish At Lows; Negative Risks Increasing Slightly 10:10 AM: ECON: Factory Orders Decline Most Since 2009 On Transportation »View All Micro News Around the Web US Consumer Credit Jumps $18.12 Billion in August, Fed Says U.S. stuck with "extraordinary" level of vacant homes: Fed's Duke Freddie Mac: Loan Prospector October 14 Release Duke, Addressing Long-Term Vacant Properties to Support Neighborhood Stabilization Zillow Mortgage Head Erin Lantz Explains Rates In The Media Wooing of Mortgage Investors Hits Delay »View More Around the Web Video News Santelli's Midday Bond Report Liesman's Jobs Report Breakdown Robert Shiller on Economy, Housing and Job Markets »View More Video News Today's Comments "Having a little difficulty understanding the graph, "FEWER THAN 30% 2007 AND PRIOR VINTAGES REMAIN ACTIVE AND CURRENT": does this mean that fewer..." "From Thomson Reuters. You can request more information about that at the "LEARN MORE" link at the top of the screen in the "SECONDARY MARKETING..." "Where would I be able to find the live data for the blue line (MBS Yield) in the graph above?" »View More Comments Today's Q&A "Am I liable for taxes owed after reconfirming mortgage debt with bank following Bankruptcy?" "How do I request to be paid for signing my interest in the property over to the co-owner?" "Seller's Concession and PMI" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.41 0.07 15YR 2.79 0.04 FHA30YR 3.25 0.00 Jumbo30YR 3.91 0.07 5/1ARM 3.00 -0.02 MBS Quotes 30YR FNMA 3 106-26 -0-04 30YR FNMA 4 107-13 -0-02 30YR FNMA 4 108-04 -0-01 30YR FNMA 5 108-29 -0-04 Treasuries 2 YR 0.2619 0.0159 3 YR 0.3438 0.0248 5 YR 0.6762 0.0452 7 YR 1.1343 0.0643 10 YR 1.7445 0.0715 30 YR 2.9736 0.0856 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 16.60% Mortgage Refinance 37.20% Mortgage Purchase 3.85% Construction -0.59% Pending Home -2.65% New Home Sales -0.27% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031